Cheetah Net Supply Chain acquires TW & EW for $1M; closes by Dec 4, 2024

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Total consideration $1M: $200k cash + 469,483 shares of CTNT common at $1.704/share.
Expected closing on or about December 4, 2024; TW & EW becomes wholly owned subsidiary.
TW & EW is a California-based labor and logistics service provider.
CEO Tony Liu says acquisition will strengthen Cheetah's position in logistics sector.
Shares issued in private transaction under Regulation S exemption.

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